
Inca Minerals (ICG:AU) has announced Close of Takeover Offer
Download the PDF here.
Inca Minerals (ICG:AU) has announced Close of Takeover Offer
Download the PDF here.
Altech’s CERENERGY(R) was prominently featured in the Energy Storage Hall, drawing significant attention from industry leaders, potential partners, and investors eager to explore next-generation solutions for clean energy storage. The company’s participation is part of a broader strategic effort to secure a strong commercial partner to help accelerate the commercialization of its sodium-alumina solid-state battery technology.
Throughout the event, Altech held numerous high-level meetings with representatives from energy companies, industrial manufacturers, and strategic investors looking to tap into the rapidly growing energy storage market. The response has been overwhelmingly positive, reflecting strong global demand for advanced battery technologies that can deliver high performance while reducing reliance on critical raw materials such as lithium and cobalt.
The Hannover Messe exhibition comes at a time when Germany is ramping up its defense and clean energy investments, driven in part by growing geopolitical uncertainties and the ongoing EU:US trade war. With energy security becoming a top priority, Altech’s CERENERGY(R) technology aligns perfectly with Europe’s strategic push towards energy independence and industrial resilience.
Group Managing Director Iggy Tan said ‘We are delighted by the level of interest in our CERENERGY(R) battery technology at Hannover Messe. The feedback we’ve received from potential partners and industry players has been extremely encouraging. As countries and industries accelerate their transition towards renewable energy, we see CERENERGY(R) as a game-changer in providing cost-effective, safe, and sustainable battery solutions.’
*To view photographs, please visit:
https://abnnewswire.net/lnk/8J6TA5ZV
About Altech Batteries Ltd:
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
Source:
Altech Batteries Ltd
Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
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Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces March sales volumes of 2,580 boepd, including natural gas sales of 14.5 MMcfpd, associated natural gas liquids sales from condensate of 146 bopd and oil sales of 12 bopd, based on field estimates, bringing our average daily sales volumes to 2,446 boepd in Q1 2025, up 41% from Q4 2024.
Natural gas, NGLs and crude oil sales: |
March 2025 |
February 2025 |
Q1 2025 |
Q4 2024 |
Natural gas (Mcfpd), by field: |
||||
Caburé |
12,652 |
10,954 |
11,707 |
7,476 |
Murucututu |
1,877 |
2,061 |
2,096 |
2,231 |
Total Company natural gas (Mcfpd) |
14,529 |
13,015 |
13,803 |
9,707 |
NGLs (bopd) |
146 |
115 |
135 |
109 |
Oil (bopd) |
12 |
– |
10 |
11 |
Total Company (boepd) |
2,580 |
2,285 |
2,446 |
1,738 |
Corporate Presentation
Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation .
Social Media
Follow Alvopetro on our social media channels at the following links:
Twitter – https://twitter.com/AlvopetroEnergy
Instagram – https://www.instagram.com/alvopetro/
LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd
YouTube – https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w
Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
All amounts contained in this new release are in United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.
Abbreviations:
boepd |
= |
barrels of oil equivalent (‘boe’) per day |
bopd |
= |
barrels of oil and/or natural gas liquids (condensate) per day |
Mcf |
= |
thousand cubic feet |
Mcfpd |
= |
thousand cubic feet per day |
MMcfpd |
= |
million cubic feet per day |
NGLs |
= |
natural gas liquids |
Q1 2025 |
= |
three months ended March 31, 2025 |
Q4 2024 |
= |
three months ended December 31, 2024 |
BOE Disclosure . The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.
SOURCE Alvopetro Energy Ltd.
View original content: http://www.newswire.ca/en/releases/archive/April2025/03/c2450.html
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American President Donald Trump’s aggressive new tariffs on imports to the US have triggered swift global condemnation and threats of retaliation as world leaders brace for economic upheaval.
The sweeping measures, unveiled on Wednesday (April 2), have introduced a 10 percent baseline tariff on all imports and impose significantly higher duties on key US trading partners.
The tariffs — some of the highest imposed by the US in over a century, according to Fitch Ratings — have increased the average duty on imports to 22.5 percent, up from just 2.5 percent last year.
They target various goods, from Italian coffee and Japanese whisky to Asian-made sportswear, and have already prompted automaker Stellantis (NYSE:STLA) to temporarily lay off US workers and shutter plants in Canada and Mexico.
‘The consequences will be dire for millions of people around the globe,’ European Commission President Ursula von der Leyen said in a scathing response, reflecting rising fears of escalating trade conflicts.
China, which is now facing a 54 percent tariff on its exports to the US, has vowed immediate retaliation, while the EU, which is subject to a 20 percent duty, has hinted at targeted countermeasures.
Despite mounting criticism, Trump continues to defend the tariffs, claiming they are necessary to counter unfair trade practices and revive the American manufacturing industry. He has described the policy as ‘Liberation Day’ for the US economy, insisting it will incentivize companies to relocate production back to American soil.
‘For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike,’ Trump declared from the White House Rose Garden on Wednesday.
Administration officials argue the tariffs will create jobs and open new export markets, though they acknowledge the benefits may take time to materialize. ‘We know a lot of Americans are worried,’ US Vice President JD Vance told Fox News. ‘What I’d ask folks to appreciate here is that we are not going to fix things overnight.’
Trump himself appears unfazed by the turmoil and criticism, posting on Truth Social, his social media platform: ‘THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING.’
The tariffs have ignited geopolitical tensions, particularly among US allies. Japan and South Korea, both home to major American military bases, were hit with tariffs of 24 percent and 25 percent, respectively.
Taiwan faces a 32 percent tariff despite ongoing US military support amid Chinese pressure.
In Europe, Germany’s IW research institute estimates that the tariffs could wipe out 750 billion euros (US$833 billion) from the region’s economy. The move has compounded existing tensions between the US and NATO allies, particularly regarding defense spending and Trump’s controversial stance on Russia’s war in Ukraine.
Robert Habeck, Germany’s economy minister and vice chancellor, has suggested the formation of closer economic ties with Canada and Mexico to counterbalance US policies. ‘Opportunities for new alliances are emerging that we should use determinedly and decisively,’ he stated, as reported by Reuters.
Canadian Prime Minister Mark Carney condemned the tariffs, saying he has spoken with German Chancellor Olaf Scholz about strengthening trade ties. ‘As we face the crisis caused by President Trump’s tariffs, reliable trade partners are more important than ever,’ Carney said, adding that Canada intends to take countermeasures.
Mexico has signaled it will continue negotiating with Washington.
Notably, certain products are exempt from the new tariffs, including copper, pharmaceuticals, semiconductors, lumber, gold, energy products and specific minerals unavailable in the US.
Additionally, existing tariffs on steel, aluminum, vehicles and vehicle parts remain unaffected by the new measures. These exemptions suggest the Trump administration is strategically attempting to safeguard industries and resources critical to national interests.
The EU has vowed a strategic response, with officials stating that any countermeasures will be ‘smart and targeted.’
European leaders have particularly criticized Trump’s decision to include some of the world’s poorest nations in his sweeping tariffs, including Cambodia, Bangladesh and Lesotho.
‘To see countries like Lesotho, Cambodia, and Bangladesh hit the hardest by US tariffs is absolutely deplorable,’ an EU official said, as per a report by the Guardian. ‘These are not major industrial competitors. They produce goods like coffee and bananas, which pose no threat to the US economy.’
For his part, French President Emmanuel Macron has blasted the tariffs as ‘brutal and unfounded’ and emphasized their ‘massive’ impact on the French economy and Europe as a whole.
Sweden’s prime minister, Ulf Kristersson, expressed concerns over growing protectionism, stating, ‘The rules-based order that we have operated within since World War II is now on shaky ground.’
Despite the outrage, some European leaders view the tariffs as a potential bargaining chip for negotiations.
‘Our preferred option is, of course, to negotiate a deal. We don’t want growing trade barriers. We don’t want a trade war,’ Kristersson said. ‘If this fails, the EU stands ready with countermeasures.’
The US tariffs have left the global trade landscape in turmoil, with repercussions extending far beyond immediate economic losses. Many experts see Trump’s aggressive trade stance as a gamble that could reshape global alliances and challenge the post-World War II economic order.
Should negotiations with affected nations fail, the world could see a new era of economic fragmentation, with countries seeking to decouple from US trade dependence.
Watch the video to hear experts discuss the impact of tariffs.
The EU has already signaled that it may impose restrictions on American tech companies’ ability to charge for intellectual property, potentially striking at the heart of Silicon Valley’s economic dominance.
As April 9 — the date when targeted tariffs take full effect — approaches, the world is watching to see whether Trump’s trade policy will yield the economic resurgence he promises, or plunge global markets into deeper instability.
With allies and rivals alike preparing retaliatory measures, the prospect of a full-scale trade war looms larger than ever.
Following Trump’s announcement, US stock indexes experienced significant declines.
By midday Wednesday (April 3), the Dow Jones Industrial Average (INDEXDJX:.DJI) had fallen over 2 percent, while the S&P 500 (INDEXSP:.INX) had dropped 3.7 percent.
The Nasdaq Composite (INDEXNASDAQ:.IXIC) was down 4.6 percent, and the US Dollar Index had slumped by 2.1 percent. The euro gained 2.4 percent, marking its most substantial daily jump since 2015.
Analysts have expressed concerns that the tariffs could lead to inflation and reduced consumer demand, potentially increasing the risk of stagflation.
Canadian markets also recoiled from the tariffs, with the S&P/TSX Composite Index (INDEXTSI:OSPTX) slipping by 840 points to 24,466, marking its largest single-day drop since June 2020.
Although Canada largely avoided these new levies due to the US-Mexico-Canada Agreement, sectors such as autos, steel and aluminum remain affected by separate tariff policies.
Additionally, oil and copper prices fell due to concerns over slowing global growth and reduced demand. Despite these challenges, the gold price steadied after a prior surge as investors sought safe-haven assets.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Freegold Ventures Limited (TSX: FVL) (‘ Freegold ‘ or the ‘ Company ‘), is pleased to announce that further to its news release of March 18, 2025 the Company has closed its upsized brokered private placement offering for aggregate gross proceeds of $41,975,805 which includes the exercise in full of the agent’s option for additional gross proceeds of $5,475,105 . Paradigm Capital acted as sole agent (the ‘ Agent ‘) on the Offering.
In connection with the Offering, the Company entered into an agency agreement (the ‘ Agency Agreement ‘) dated April 3, 2025 , between the Company and the Agent. In accordance with the Agency Agreement, 49,383,300 units of the Company (the ‘ Units ‘) were issued at a price of $0.85 per Unit. Each Unit is comprised of one common share of the Company (a ‘ Unit Share ‘) and one-half of one common share purchase warrant of the Company (each whole warrant, a ‘ Warrant ‘). Each Warrant is exercisable to acquire one common share of the Company (a ‘ Warrant Share ‘) for 24 months from today’s date at an exercise price of $1.30 per Warrant Share. The Warrants are callable by the Company should the daily volume-weighted average trading price of the common shares of the Company on the Toronto Stock Exchange exceed $1.30 for a period of twenty (20) consecutive trading days, at any time during the period (i) beginning on the date that is 6 months from the closing date of the Offering, and (ii) ending on the date the Warrants expire (the ‘ Call Trigger ‘). Following a Call Trigger, the Company may give notice (the ‘ Call Notice ‘) to the holders of the Warrants (by disseminating a news release announcing the acceleration) that any Warrant that remains unexercised by the holder thereof shall expire thirty days following the date on which the Call Notice is given.
The Company plans to use the net proceeds from the offering for general working capital and corporate purposes, with a primary focus on advancing the Golden Summit project. Drilling at Golden Summit is expected to resume next month, and an updated Mineral Resource Estimate is anticipated later in the second quarter, once the assays from the 2024 drill program have been finalized.
Mr. Eric Sprott , through an entity owned and controlled by him, purchased an aggregate of 14,814,900 Units in the Offering, representing 30% of the Units issued under the Offering.
Pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘), the purchase of Units by Mr. Sprott was a ‘related party transaction’. The Company was exempt from the requirements to obtain a formal valuation in connection with the Offering in reliance on section 5.5(c) of MI 61-101, as the issuance of Units to Mr. Sprott was a distribution of securities of the Company to a related party for cash consideration. The issuance of the Units to Mr. Sprott was exempt from the requirement to obtain minority shareholder approval in reliance on section 5.7(1)(a) of MI 61-101 as neither the fair market value of the Units received by Mr. Sprott nor the proceeds for such securities received by the Company exceeded 25% of the Company’s market capitalization as calculated in accordance with MI 61-101.
A material change report will be filed less than 21 days from the date of the closing of the Offering. Closing the Offering in this shorter period was reasonable in the circumstances as the Company determined the shorter period was necessary because the terms of the transaction were favorable to the Company, given uncertain market conditions time was of the essence in closing the Offering, and closing the Offering expeditiously was in the best interest of the Company and its shareholders.
The Offering is subject to the final approval of the Toronto Stock Exchange. All securities issued pursuant to the Offering will have a hold period of four months and one day.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any U.S. state security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States , nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska and holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.
Forward-looking Information Cautionary Statement
This press release contains statements that constitute ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release, include, without limitation, statements regarding the receipt of TSX final approval for the Offering and the use of proceeds from the Offering. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. See Freegold’s Annual Information Form for the year ended December 31, 2024 , filed under Freegold’s profile at www.sedarplus.ca , for a detailed discussion of the risk factors associated with Freegold’s operations.
SOURCE Freegold Ventures Limited
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/03/c3696.html
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Here’s a quick recap of the crypto landscape for Wednesday (April 2) as of 9:00 p.m. UTC.
At the time of this writing, Bitcoin (BTC) was changing hands at US$86,494.14, up 2.4 percent in 24 hours. The day’s range has brought a low of US$85,315.82 and a high of US$87,210.70.
Bitcoin performance, April 2, 2025.
Chart via TradingView.
Technical analysis indicates a period of potential change for Bitcoin, with the possibility of a shift from a downtrend to an uptrend. However, the market remains uncertain, and various factors could influence its future price.
Ethereum (ETH) is priced at US$1,918.18, a 0.5 percent increase over 24 hours. The cryptocurrency reached an intraday low of US$1,860 and a high of US$1,914.30.
Grayscale expanded its digital asset offerings with the launch of two Bitcoin exchange-traded funds (ETFs): the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI).
Both ETFs employ an options selling strategy to generate income.
BTCC sells call options to maximize income generation. It is designed for investors who prioritize income over potential price appreciation. While providing income, this strategy limits potential gains if Bitcoin’s price increases.
BPI also sells options, but aims to balance income generation with potential price appreciation. It is designed for investors who want both income and the opportunity to benefit from a rising Bitcoin price.
The US Securities Exchange Commission (SEC) and Gemini have jointly requested a 60 day stay in a lawsuit filed by the SEC against Gemini concerning the Gemini Earn program, which the SEC alleges violated securities laws. The core of the commission’s argument is that Gemini Earn is an investment contract under the Howey Test.
The lawsuit dates back to January 2023, during former SEC Chair Gary Gensler’s tenure. According to the request, which was filed on Tuesday (April 1), both parties are open to settlement discussions and believe a temporary pause in the litigation would be beneficial to reaching a potential resolution.
Cryptocurrency exchange Kraken has secured a restricted dealer registration from the Ontario Securities Commission (OSC) through its Canadian subsidiary, Payward Canada.
According to documentation filed on Tuesday, the registration allows Kraken to facilitate specific digital asset trading activities for Ontario residents. However, activities are subject to regulatory oversight imposed by the OSC, including measures to limit Kraken’s management of digital assets and safeguards to protect clients.
Senator Ted Cruz (R-Texas) has introduced the Facilitate Lower Atmospheric Released Emissions (FLARE) Act, a bill designed to encourage Bitcoin miners and other industries to harness stranded natural gas for on-site energy generation. It aims to improve grid resilience, reduce emissions and solidify Texas as a leader in Bitcoin mining.
FLARE, endorsed by the Digital Power Network, provides permanent full expensing for infrastructure that captures and utilizes flared gas, while restricting access for entities linked to China, Iran, North Korea and Russia.
Cruz emphasized that this initiative supports energy innovation, strengthens economic growth and promotes the responsible use of excess energy resources.
Sony Electronics Singapore has partnered with Crypto.com to integrate USDC stablecoin payments, marking a significant step toward mainstream crypto adoption in the region.
Crypto.com Singapore’s general manager, Chin Tah Ang, stated that the collaboration aims to simplify crypto payments for consumers and expand digital currency use in everyday commerce. This development comes as other businesses, such as the Metro Holdings (SGX:MO1) department store chain, embrace stablecoin payments.
Singapore’s pro-crypto regulatory framework has fueled rapid industry growth, with a doubling of crypto-related licenses in 2024, positioning the nation as a major blockchain hub.
BlackRock has successfully registered with the UK’s Financial Conduct Authority (FCA), allowing it to facilitate crypto-related transactions for its iShares Digital Assets unit.
The FCA’s crypto register, established in 2020 to enforce anti-money laundering compliance, has approved only 51 out of 368 applications, highlighting the strict regulatory environment.
As an authorized arranger, BlackRock can now support subscriptions and redemptions of exchange-traded products (ETPs) tied to crypto assets. However, the firm is restricted from onboarding new clients or operating automated crypto-to-fiat exchange mechanisms without additional regulatory approval.
BlackRock’s registration follows similar approvals granted to Coinbase and other major players navigating the UK’s evolving crypto landscape.
Alabama lawmakers have introduced Senate Bill 283 and House Bill 482, which aim to allow the state to invest up to 10 percent of its public funds in Bitcoin.
The legislation, designed to position Bitcoin as a strategic financial asset, restricts investments to digital assets with a market capitalization exceeding US$750 billion — currently limited to Bitcoin. The bills specify that state-held Bitcoin must be stored by the state treasurer, a qualified custodian or via ETPs.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
(TheNewswire)
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April 3rd, 2025 TheNewswire – Vancouver, B.C. Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the ‘Company’ or ‘Opawica’) a Canadian mineral exploration company focused on precious and base metal projects, is pleased to announce that it has closed the the recently announced oversubscribed private placement (announced March 15, 2025) of 1,385,000 Units to for total aggregate proceeds of CAD $277,000 each consisting of one Common Share of the Company and one Common Share Purchase Warrant at a price of $0.20c per Unit.
Each purchase Warrant is exercisable into one Common Share at an exercise price of $0.30 per share at any time up to 24 months following the closing date. The Company also maintains a Warrant Acceleration option allowing Opawica to accelerate the expiry date of the Warrants if the daily trading price of the Common Shares on the TSX Venture Exchange is greater than $0.42 per Common Share for the preceding 10 consecutive trading days. All securities issued under the Offering and including Warrants will be subject to a four (4) month holding period.
The Company intends to use a portion of the net proceeds to advance drilling obligations on its flagship properties and administrative obligations at the gold properties in the Abitibi Gold Belt, general working capital purposes and marketing awareness initiatives.
The Private Placement remains subject to receipt of all required approvals, including the final approval of the TSX Venture Exchange, as well as execution of formal documentation.
A bout Opawica Explorations Inc.
Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.
FOR FURTHER INFORMATION CONTACT:
Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy
of this news release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
Copyright (c) 2025 TheNewswire – All rights reserved.
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Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (‘Rua Gold’ or the ‘Company’) is pleased to advise the commencement of drilling at the Cumberland gold camp drill target. This builds upon the integration of the VRIFY AI targeting and ranking process with RUA’s extensive geological database, as well as the consolidation of the Reefton Goldfield – an orogenic gold and antimony belt on the South Island of New Zealand.
Highlights:
The geological team have defined an initial drill program for 6 holes of depths ranging from 70m to 150m to be drilled from the first pad to define the structure of the Gallant lode.
Targets are following up on high grade historical intercepts that are at very shallow depths ranging from 30m to 60m.
Subsequent drilling will then systematically test the remainder of the Cumberland gold camp targeting the 7 historic mines in a 2.2km long north-northwest trending zone of quartz veins and shearing.
Historical drilling targeting the Gallant structure drilled 20.7m of quartz with individual 1m assays ranging from 0.15g/t gold to 1911g/t gold (60oz/t) using screen fire assay method.
Re-assaying the historical core using photon assay methods confirms the very high grade and nuggety nature of the gold mineralization.
Averaging the two sets of core assays confirm a 20.7m intersection assaying 62.2 g/t (2 oz/t) gold.
Modelling of the observed quartz veins and gold mineralisation intercepts interprets an 8m true width of the vein.
Initial drilling targets a 600m zone from the Gallant to the Sir Francis Drake historical workings (see figure 3 below), where quartz veins can be traced on surface in folded structurally complex greywacke-argillite host rocks.
The Cumberland structural zone has emerged as a standout target from the early stages of the Company application of the VRIFY AI tool.
Rua Gold has completed drilling of the Victoria lode within the Murray Creek mine camp and is now focusing on the Cumberland gold camp, a historic site located 3km south of Globe-Progress Mine. The Globe-Progress Mine has a rich history of production, with over 1 million ounces of gold produced (424,000 ounces prior to 1950 and an additional 665,000 ounces produced between 2007 and 2015 under OceanaGold).
Simon Henderson, COO of Rua Gold, commented, ‘The Gallant prospect represents the first VRIFY target to be drilled in 2025. With a history of compelling high-grade gold, it lies in structurally complex steeply folded sequence of rocks, is traceable on surface over 600m, and remains largely untested along strike and at depth. Located just 3km south of a major road and accessible via a 4WD track, Gallant has logistical simplicity for exploration and potential development.’
Figure 1: Overview of the Reefton Goldfield
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/247207_769b0b6694fce921_007full.jpg
THE PLAN
Based on the extensive surface exploration work and historical drilling, the Gallant lode in the Cumberland gold camp stands out as an exceptional high-grade target. Abandoned without rigorous testing following the completion of the Globe-Progress mining, it features quartz veins outcropping on surface within an envelope of strong gold-arsenic anomalism.
The Gallant lode has several exploratory holes drilled by OceanaGold 15 years ago, on a well-defined quartz vein at shallow depth (Table 1 in the appendix; Figure 2). The Company has re-assayed the historical core using photon assay methods, which confirmed the very high grade and nuggety nature of gold mineralization. Averaging the two sets of core assays confirms a 20.7 m intersection assaying 62.2 g/t (2oz/t) gold, with a modelled true width of 8m. Core orientation clearly demonstrates that this intersection drilled down the quartz reef exaggerating its width but provides for a compelling and prospective target for immediate follow-up.
Figure 2: Gallant Cross Section
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THE HISTORY
The Cumberland gold camp comprises 7 historic mines in a 2 km long north-northwest trending zone of quartz veins and shearing. Historic production totaled 21,740oz gold at an average recovered grade of 26.1 g/t (see appendices).
Figure 3: Map showing Cumberland historic mine camp
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VRIFY’S AI PLATFORM
The Company has partnered with VRIFY to onboard VRIFY’s AI-assisted mineral discovery platform to accelerate discovery, reduce costs and further de-risk exploration.
In conjunction with the consolidation of the Reefton Goldfield in November 2024, the Company implemented the VRIFY AI tool. Early in the AI training phase, Cumberland was identified as a standout target. The VRIFY team has assimilated geochemistry, drilling and geophysical data on an unprecedented scale and accuracy over the whole district, processing over 84GB of data, +170,000 data points, actively informing our 2025 drill targets for quicker project advancement and de-risking our work programs.
Rua Gold’s data, unlocked through VRIFY’s Al-assisted mineral discovery platform. This AI-assisted data synthesis enabled Rua Gold to actively and effectively rank its 2025 drill targets, accelerating its project advancement and de-risking its work programs in a matter of minutes, a process that would have taken months, if performed manually.
ACCELERATED DISCOVERY
Rua Gold inherited thousands of data points from historic activity on its multiple mine sites and exploration work with the Reefton Goldfields. The ability to rapidly mine this existing data for new insights and targets, while incorporating recent work, provided real-time feedback through VRIFY’s platform to inform drilling programs.
SCALABILITY and COST SAVINGS
Rua Gold is just beginning and is confident that VRIFY will continue to add value by allowing for the analysis of larger datasets without increasing costs linearly.
HIGHER ACCURACY
VRIFY’s proprietary Al model reduces human error and identifies patterns that manual review might miss, increasing discovery potential.
Figure 4: VRIFY AI hotspot identification showing Cumberland-Gallant Prospect
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QAQC HISTORIC DRILLING (MR 5093)
Rua Gold is treating the drill results as historic.
The QP has verified the data disclosed, including drill collar location, sampling and analytical information contained in the written disclosure,
Data was verified by examination of remaining core in the core-box; confirming intervals, core splitting and interval handling procedures and logged core descriptions matched original core logging.
Verified the core sampling and assay procedures by examining and confirming from the original assay certificates of SGS and ALS laboratories that the sample numbers recorded matched the sample intervals logged.
Verified from original assay certificates stated blanks and certified standards and duplicates were used and reported, and where deviations outside 2 standard deviations assays have been repeated.
Verified that suitable assay methodology for coarse gold was used by both laboratories SGS Reefton method FASC30T(screen fire assay) and ALS method Au-SCR22AA (screen fire assay).
The QP has verified in the zone of exceptionally high-grade gold values that gold is clearly visible in veinlets within a significant quartz vein.
The QAQC summarized from the OceanaGold report is as follows:
‘Diamond drill samples were generally taken over 1 m intervals and cut in half. Half the core was then sent to SGS or ALS. Some of the significant reef samples were analyzed at the ALS laboratory in Townsville for rapid processing and the rest were analyzed at the SGS laboratory in Westport. Due to the large amount of quartz reef drilled in the first part of the program, a screen fire technique was introduced at SGS (FAS30T).
ALS Townsville preformed 1 kg screen fire assays (Au-SCR22AA) along with a standard fire assay procedure (Au-AA26). Diamond core submissions included at the minimum one blank and two certified standards and at least two lab duplicates taken after coarse crushing of the sample. If both standard assays from the same hole returned assay values outside two standard deviations of the actual value, the laboratory was requested to re-assay the job. Assays from dispatches RD131025.1 and RD131106.1 showed significant deviation from standards and checks. These two batches were re-assayed (RD131025.1R and RD131106.1R respectively).
All assay data was imported into the Reefton project acQuire database directly from laboratory reports.’
Source: Anderson, T., 2014. MP 41164 Globe Progress annual technical report – 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.
PHOTON ASSAYING
Samples were analyzed by PhotonAssay at ALS Perth, Australia (ALS code Au-PA01), which has a detection range of 0.03-350 ppm Au. PhotonAssay analysis works by bombarding samples with high-energy X-rays which excite atomic nuclei that produce gamma rays at signature energies, allowing for gold detection. This method has a fast turnaround time and is non-destructive, allowing the preservation of the entire whole-core and unlimited repeat testing. Samples were submitted with certified reference material (CRM) from OREAS into the sample stream every 5 samples.
ALS Perth is independent to Rua Gold and its quality management systems framework is accredited to ISO/IEC 17025:2005 or certified to ISO 9001:2015 standards.
The QP satisfactorily verified all data used in this disclosure.
Grant of Deferred Share Units
The Company also announces that it has granted an aggregate of 161,980 deferred share units (‘DSUs’) to non-executive directors of the Company at a deemed price of $0.61 per DSU under the Company’s Deferred Share Unit Plan adopted on April 17, 2024. The DSUs are subject to a one-year vesting period and entitle the holder to receive one Common Share at the time the holder ceases to be a director of the Company.
New Marketing Agreement with Baystreet.ca Media Corp
The Company has entered into a Services Agreement dated April 1, 2025 (the ‘Bay Street Media Agreement’) with Baystreet.ca Media Corp pursuant to which Baystreet.ca Media Corp has agreed to provide article distribution and full site coverage services to the Company. Pursuant to the terms of the Bay Street Media Agreement, such marketing services are to be provided over a 3-month period, for a fee of $45,000 plus applicable taxes. Baystreet.ca Media Corp is a full-service marketing agency based in Vancouver, BC, and is headed by Brady Allan. Baystreet.ca Media Corp provides digital marketing awareness via advertising through its fully owned platform BayStreet.ca, which includes both video and written content coverage of Canadian small-cap stories. As of the date hereof, to the Company’s knowledge, Baystreet.ca Media Corp (including its directors and officers) does not own any securities of the Company and has an arm’s-length relationship with the Company. Under the Bay Street Media Agreement, the Company will not issue any securities to Baystreet.ca Media Corp. as compensation for its marketing service.
ABOUT Rua Gold
Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA’s two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2 million ounces of gold grading between 9 and 50 grams per tonne.
The Company’s Glamorgan Project solidifies Rua Gold’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15 million ounces of gold and 60 million ounces of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, WKP.
For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.
Technical Information
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein.
Rua Gold Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com
This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions; and the effects and benefits of the Transaction. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
APPENDICIES
Table 1: Gallant 001 Re-assay table
Au (g/t) | ||||||
Sample No | From | To | Interval | ALS 2025 (Photon) |
Original Assay (Screen fire ) |
Average Two methods |
GAL01001 | 30.6 | 32 | 1.3 | 2.2 | 3.16 | 2.68 |
GAL01002 | 32 | 33 | 1 | 0.97 | 1.37 | 1.17 |
GAL01003 | 33 | 34 | 1 | 0.32 | 1.9 | 1.11 |
GAL01004 | 34 | 35 | 1 | 0.11 | 3.32 | 1.715 |
GAL01005 | 35 | 36 | 1 | 0.02 | 0.01 | |
GAL01006 | 36 | 37 | 1 | 0.01 | 0.01 | |
GAL01007 | 37 | 38 | 1 | 2.66 | 3.38 | 3.02 |
GAL01008 | 38 | 39 | 1 | 21.17 | 23.4 | 22.285 |
GAL01009 | 39 | 40 | 1 | 0.33 | 0.5 | 0.415 |
GAL01010 | 40 | 41 | 1 | 0.26 | 0.46 | 0.36 |
GAL01011 | 41 | 42 | 1 | 1.98 | 6.31 | 4.145 |
GAL01012 | 42 | 43 | 1 | 0.27 | 0.97 | 0.62 |
GAL01013 | 43 | 44 | 1 | 0.43 | 1.73 | 1.08 |
GAL01014 | 44 | 45 | 1 | 0.04 | 3.53 | 1.785 |
GAL01015 | 45 | 46 | 1 | 1.8 | 0.54 | 1.17 |
GAL01016 | 46 | 47 | 1 | 2.75 | 6.81 | 4.78 |
GAL01017 | 47 | 48 | 1 | 426 | 1910 | 1168 |
GAL01018 | 48 | 49 | 1 | 46.12 | 30 | 38.06 |
GAL01019 | 49 | 50 | 0.7 | 5.2 | 4.68 | 4.94 |
GAL01020 | 50 | 51 | 1 | 28.46 | 1.49 | 14.975 |
GAL01021 | 51 | 52 | 1 | 7.14 | 6.77 | 6.955 |
GAL01022 | 52 | 53 | 1 | 8.15 | 6.98 | 7.565 |
GAL01023 | 53 | 54 | 1 | 1.15 | 0.87 | 1.01 |
GAL01024 | 54 | 55 | 1 | 0.19 | 0.11 | 0.15 |
GAL01025 | 55 | 56 | 1 | 0.38 | 0.53 | 0.455 |
GAL01026 | 56 | 57 | 1 | 3.41 | 2.14 | 2.775 |
GAL01027 | 57 | 58 | 1 | 2.96 | 2.28 | 2.62 |
GAL01028 | 58 | 59 | 1 | 0.46 | 0.24 | 0.35 |
GAL01029 | 59 | 60.2 | 0.5 | 0.41 | 0.52 | 0.465 |
Note: true width of vein: 8m.
Table 2: Historic Production Cumberland Camp (Barry, 1993)
Lode | Tonnes | Production (Au oz) |
Recovered grade (oz/t) | Recovered grade (g/t) |
Scotia | 604 | 1,283 | 2.1 | 66.1 |
Gallant | 2,378 | 759 | 0.3 | 9.9 |
Sir Francis Drake-Happy Valley | 17,261 | 5,810 | 0.3 | 10.5 |
Cumberland | 14,120 | 13,629 | 1.0 | 30.0 |
Exchange-Industry | 519 | 260 | 0.5 | 15.6 |
Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.
Table 3: Collar for GAL001, historic drill hole.
Drill hole | Easting (NZTM) | Northing (NZTM) | Elevation (RL) | End depth | Azimuth | Dip |
GAL001 | 1508726 | 5327981 | 628 | 123.7 | 293° | -70° |
Projection: New Zealand Transverse Mercator (NZTM) 2000.
Reference for historical grades and production:
Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.
Reference for Gallant assay results:
Anderson, T., 2014. MP 41164 Globe Progress annual technical report – 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.
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As a proud supporter of grassroots hockey across North America, Cizzle Brands is embracing this opportunity to further enhance its U.S. presence with brand visibility throughout the entire USA Hockey network by virtue of this multi-year sponsorship.
Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) ( the ‘Company’ or ‘Cizzle Brands’) , is pleased to announce that CWENCH Hydration is now the official hydration partner of USA Hockey , which is the national governing body for the sport of ice hockey in the United States and includes more than one million players, coaches, officials and volunteers across the country.
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CWENCH Hydration has become the official hydration partner of USA Hockey.
CWENCH Hydration will be featured prominently at USA Hockey player development camps , the Chipotle All-American Game (featuring the top American-born NHL Draft eligible prospects), and the Rivalry Series (between USA Hockey and Hockey Canada, televised on the NHL Network). Additionally, CWENCH Hydration
will have a significant presence at all youth and girls’ national championships, as well as a significant presence at the USA Hockey National Team Development Program and at various National Team camps. Furthermore, CWENCH Hydration
will benefit from visibility across USA Hockey’s range of digital and online properties, including USA Hockey Magazine , its lineup of newsletters, the USAHockey.com website, and USA Hockey social media channels.
This partnership is part of a multi-year sponsorship agreement between the Company and USA Hockey, adding to Cizzle Brands’ portfolio of sponsorships in support of grassroots athletics across North America. This includes its arena sponsorship with Canlan Sports (anchored by the CWENCH Centre in Toronto), CWENCH’s endorsement deal with Canadian youth hockey influencer Coach Chippy , and the title sponsorship of the CWENCH All Canadian Basketball Games (which will be televised on TSN this weekend).
Cizzle Brands’ Founder, Chairman, and Chief Executive Officer John Celenza commented, ‘We are thrilled about CWENCH Hydration becoming the official hydration partner of USA Hockey, which has been a household name in the North American hockey community for generations. We are strategically building up CWENCH’s presence in the United States as we commercialize the product line across key North American markets. As we approach the one-year anniversary of the launch of CWENCH, we continue to form partnerships that massively increase visibility and awareness for the brand. This agreement with USA Hockey is one of those partnerships.’
‘It’s exciting to welcome CWENCH to our USA Hockey family,’ said Pat Kelleher , Executive Director of USA Hockey. ‘It’s no secret the importance of hydration in our sport and it’s great to have the partnership and expertise of CWENCH to help our athletes be at their best.’
About Cizzle Brands Corporation
Cizzle Brands Corporation is a sports nutrition company that is elevating the game in health and wellness. Through extensive collaboration and testing with leading athletes and trainers across several elite sports, Cizzle Brands has launched two leading product lines in the sports nutrition category: (i) CWENCH Hydration, a better-for-you sports drink that is now carried in over 1,800 stores in Canada, the United States, and Europe; and (ii) Spoken Nutrition, a premium brand of athlete-grade nutraceuticals that carry the prestigious NSF Certified for Sport® qualification. All Cizzle Brands products are designed to help people achieve their best in both competitive sports and in living a healthy, vibrant, active lifestyle.
For more information about Cizzle Brands, please visit: https://www.cizzlebrands.com/
For more information about CWENCH Hydration, please visit: https://www.cwenchhydration.com
About USA Hockey
USA Hockey, established on October 29, 1937, and headquartered in Colorado Springs, Colorado, provides the foundation for the sport of ice hockey in America; helps young people become leaders, sometimes Olympic or Paralympic heroes; and connects the game at every level while promoting a lifelong love of the sport. USA Hockey is more than a million strong, including players, coaches, officials and volunteers that span all 50 states. The National Governing Body for the sport in the United States, USA Hockey has important partnerships with the NHL, United States Olympic and Paralympic Committee and International Ice Hockey Federation. For more information, visit usahockey.com .
Notice Regarding Images and Links: This press release may contain images and/or links to outside web pages, which could play an important role in providing the full context of the news update being conveyed through this press release. Some news aggregation services may remove these images and/or links at their discretion. Therefore, readers are encouraged to access SEDAR+ or the News section of the Cizzle Brands Corporation website to view this press release containing all images and/or links as originally published.
On behalf of the Board of Directors of the Company,
Cizzle Brands Corporation
‘John Celenza’
John Celenza, Founder, Chairman, and Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains ‘forward-looking information’ which may include, but is not limited to, information with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, such as, but not limited to: new products of the Company and potential sales and distribution opportunities. Such forward-looking information is often, but not always, identified by the use of words and phrases such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company.
Forward looking information involves known and unknown risks, uncertainties and other risk factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, regulatory risks, financing, capitalization and liquidity risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors change.
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For further information, please contact:
Setti Coscarella
Head of Corporate Development
investors@cizzlebrands.com
1-844-588-2088
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Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (‘Los Andes’ or the ‘Company’) is pleased to announce that the Company has expanded its land package by obtaining first-priority exploration claims over new areas within and adjacent to the current property boundaries for Los Andes’ Vizcachitas copper project in Chile (‘Vizcachitas’).
The claims cover an 18 square kilometer (‘km2‘) block within the current property boundary, and another 7km2 block adjacent to the north-east corner of the property boundary, as shown in Figure 1.
Figure 1: Historical and New Mining Claims at the Vizcachitas project.
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The 18km2 block within the current property boundary covers the higher ground bordering the Vizcachitas deposit to the southeast, near the mineralized extensions identified in the 2023 drill program.
Following the ruling made on February 12, 2025, the cancellation of the existing exploitation claims was certified by the Court in Putaendo on March 5, 2025, and recorded in the Putaendo Mine Registration Office on April 1, 2025.
Santiago Montt, CEO of Los Andes, commented: ‘We are very pleased to have expanded our land package to have first-priority exploration claims over a new combined area of 25km2. These additional new claims have increased our total land package to 474.4km2. This new ground has highly prospective geology, providing further potential upside for the Vizcachitas project and the Company.’
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing the Project, which is located along Chile’s most prolific copper belt, into production. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile’s next major copper mine.
The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company’s SEDAR profile.
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
Qualified Persons
Antony Amberg CGeol FGS, the Company’s Chief Geologist, is the qualified person who has reviewed and approved the scientific and technical information contained in this news release.
For more information please contact:
Santiago Montt, CEO
santiago.montt@losandescopper.com
Tel: +56 2 2954-0450
Elizabeth Johnson, Investor Relations
Elizabeth.johnson@losandescopper.com
E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com
Follow us on twitter @LosAndesCopper
Follow us on LinkedIn Los Andes Copper Ltd
Certain of the information and statements contained herein that are not historical facts, constitute ‘forward-looking information’ within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) (‘Forward-Looking Information’). Forward-Looking Information is often, but not always, identified by the use of words such as ‘seek’, ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’ and ‘intend’; statements that an event or result is ‘due’ on or ‘may’, ‘will’, ‘should’, ‘could’, or might’ occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information. Such Forward Looking Information includes, without limitation, the timing of and ability to obtain TSX-V and other regulatory approvals and the prospects, details related to and timing of the Vizcachitas Project. Such Forward-Looking Information is based upon the Company’s assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy and the Company’s production. Among the factors that have a direct bearing on the Company’s future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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